Kayode Egbetokun, inspector-general of police (IGP), has established the anti-money laundering units in the Nigeria Police Force (NPF) to combat financial crimes.
In a statement on Wednesday, Muyiwa Adejobi, force spokesperson, said the establishment of the units “underscores the force’s commitment to safeguarding national security by preventing and detecting illicit financial activities that could undermine the country’s stability”.
Adejobi said the IGP directed Hyacinth Edozie, a commissioner of police, and other officers of the rank of chief superintendents of police (CSPs) to lead the units in all state criminal investigation departments (SCIDs) across the country.
“This initiative is a strategic move to strengthen the police’s role in national security, specifically in combating financial crimes,” the statement reads.
“It is also critical in countering the sophisticated methods used by terrorist organisations and other criminal entities to finance their activities.
“The establishment underscores the force’s commitment to safeguarding national security by preventing and detecting illicit financial activities that could undermine the country’s stability.
“It also enhances the operational capacity of law enforcement agencies, especially the Nigerian Financial Intelligence Unit (NFIU) in furtherance of its global oversight functions, to address various security threats.
“The Nigeria Police Force remains resolute in its efforts to combat financial crimes and ensure a secure economic environment with a view to promoting national security for the safety of all Nigerians and residents.
“The establishment of the anti-money laundering units is a vital step in this mission.”
Agencies like the Economic and Financial Crimes Commission (EFCC) and NFIU are already handling issues pertaining to anti-money laundering in Nigeria.
